Global Ozone Generation Market 2023 – 2032

Reports Description

According to Custom Market Insights (CMI), The Global Ozone Generation Market Size was valued at USD 1.8 billion in 2021 and is expected to reach USD 1.9 billion in 2022is estimated to reach USD 3.1 billion by the end of 2030 at a CAGR of approximately 7.1% during the forecast period 2022-2030.

An ozone generator is a type of device which converts the oxygen sources like concentrated oxygen, ambient air, and dry air into ozone. Ozone is known as an efficient disinfectant which is a great alternative source for chlorine. The ozone generation system is designed in a way that can convert oxygen and directly produce ozone. The ozone-based solutions are effectively used for the reduction of air-borne contaminations as well as for the treatment of wastewater.

Growth Factors

The ozone generation market is projected to grow during the assessment period of 2022-2030 due to the rise in investments of the emerging key players for wastewater treatment coupled with the rapid development of the hospitality industry; such factors drive the growth of the ozone generation market. The efficiency rate of ozone is 3000 times greater than that of chlorine; hence, it is a greater alternative source for chlorine widely used in the biogas industry that drives the market growth across the globe.

Governments across several developed regions such as Russia, the US, the UK, Germany, etc., have invested in multiple projects for the development of new treatment water facilities and technological enhancement of the existing facilities due to rapid industrialization and urbanization. The rising demand for freshwater consumption from residential and commercial sectors is supposed to boost market growth during the forecasting period.

The ozone generation systems have gained widespread recognition from aquariums and fish farms due to their cleaning properties and a great alternative source for chlorine. Along with that, ozone-based therapy acts as a promising curative medicine for the treatment of diabetes which leads to the market uplift in the current as well as the forecast period.

Ozone Generation Market Segmentation

The ozone generation market is segmented based on technology type, application, end-user and region.

Market segmentation by Technological Type

Based on technology type, the market is bifurcated into ultraviolet, cold plasma, electrolytic, and corona discharge. As per the revenue, the corona segment discharge segment has accounted for the largest market share in 2021. It is projected to grow with a significant CAGR rate over the forecast period. The growth contributed factors include the production of ozone without chemicals and toxic gases along with its cost-effectiveness and therapeutic nature.

The corona discharge segments are widely used in industrial and commercial sectors. The market growth in those sectors is attributed to the advantageous properties of the corona discharge segment coupled with the low-cost maintenance. The other factors contributing to the corona segment’s market growth are large-scale installations, generation of ozone in large volumes, negligible by-products, and exceeding the lifespan of over ten years.

Market segmentation by Application

Based on application, the market ozone generation market is segmented into wastewater treatment, air purification, medical equipment, food & beverage, and others. As per the revenue, the water purification segment held the largest market share in 2021.

The ozone generators are widely installed and utilised in various water-based activities such as water purification and disinfection, water decolourization, wastewater treatments, swimming pools, cooling towers, drinking water, and bottling plants. Ozone is an effective oxidant and purifier which removes harmful products from water, removes sludge, and increases the content of dissolved oxygen in the wastewater. This ensures the degradation and reduction of the residual pollutants. There is rapid ozone generation usage and implementation in varied places such as contaminated groundwater, paper industry, dye industry, swimming pool water, etc.

The ozone also works as a strong disinfectant for the treatment of gaseous waste, removal of colour, and other materials such as cyanide wastewater, and heavy metals, and eliminates the phenolic compounds. The government implemented stringent laws and regulations to control the wastewater, which propelled the market for the wastewater treatment segment.

Market segmentation based on an End-User

Based on the end-user analysis, the market is bifurcated across municipal, residential, industrial, and others. Both the municipal and industrial segments held the largest market share in 2021 and continue to rise with a significant CAGR during the forecasting period. Ozone is a strong oxidizing agent that kills the toxic bacteria and viruses that are spread across the air or dissolved in the water. It is used by municipal and industrial corporations to disinfect wastewater.

The ozone generator system is widely used to treat groundwater, swimming pool water, etc. One of the leading factors for the rise in ozone production and the municipal segment is its high oxidising power and ability to absorb heavy metals.

Report Scope

Regional Insights

Based on the regional analysis, the ozone generation market is distributed across North America, Europe, Asia-Pacific and LAMEA. As per the revenue, the North American region has held the largest market share in 2021 and is projected to grow with a significant CAGR rate during the forecast period. This growth can be due to the regulation compulsion to support municipal wastewater treatment along with the rapid increase in air pollution.

The countries like the US have implemented a law named Public-Private Partnership to increase the investment rate leading to the rapid construction of power plants specifically used for wastewater treatment. The rapid emergence of new customers for the centralised treatment systems as well as the construction of new treatment facilities has enhanced the market growth across such regions. The rapid increase of pollutants in the air and their contamination has led to an increase in demand for ozone generation, which propels market growth.

Key Players

Major key players have aimed to improve the quality of water to strengthen their positions in the ozone generation market. Some companies are on the verge of overseas expansion effort client ozone generation. The major companies’ motive is to produce efficient devices with low-cost production and maintenance.

The emerging key players in the ozone generation market:

• Mitsubishi Motors Corp.
• Toshiba Corp.
• Daikin Industries, Ltd.
• Suez
• Ozone Tech Systems

Covid -19 Impact of Ozone Generation Market

The emergence of a pandemic due to the covid has led to a temporary shutdown for multiple businesses across the world. The swimming pools and aquariums have also shut down due to widespread disease and restricted movement. Surprisingly, the ozone layer greatly relieves people from the covid effect as the virus is expected to be susceptible to the ozone. Based on scientific research reach, ozone can break the viral membranes and can disrupt the normal replication process.

The investigation of R&D to determine the ozone potential to combat the covid-19 did not negatively impact the market growth, it is expected to aid the market growth over the assessment period.  The pandemic has led to the rise in demand for air purification systems to prevent the outbreak of the infection and spread of pathogens in the environment. The government and key companies have re-initiated their plans for one production. The ozone generators have been installed in public places like religious places, hotels, manufacturing industries, aeroplanes etc. to keep the places virus free.

Recent Developments in Ozone Generation Market

• In July 2020, Ozonetech Systems OTS AB announced a partnership with Lohja Municipality (Finland) to initiate pharmaceutical treatment. Various authorities such as Ethe LY Centre in South Savo (Centre for Economic Development, Transport, and the Environment) and the Ministry of Environment have sponsored the project leading to water protection and wastewater treatment.
• In June 2018, Ozonetech Systems OTS AB has signed a contract that is associated with the production of highly advanced AOP-coupled ozone treatment for landfill remediation projects in Southeast Asia.
• Corotec Corporation launched a new line of modular ozone generators to be used for the line laminations and extrusion coating to enhance the adhesion of the laminate and allow speedy production. The ozone across these generators is used to increase the bond strengths.
• In July 2021, SUEZ introduced large-capacity ozone generators to meet the increasing demands and to increase the company’s product portfolio. The developed product named Ozonia L can produce the optimal amount of ozone along with system optimization, energy efficiency, and low production and maintenance.

 Market segments covered in the Report

By Type

• Ultraviolet
• Cold Plasma
• Corona Discharge
• Electrolytic

By Application

• Waste Water Treatment
• Air Purification
• Medical Equipment
• Food & Beverage
• Others

By End-User

• Industrial
• Residential
• Municipal
• Others

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America